20 Jun 2025, 11:40

TRON Upgrade: Exciting v4.8.0 Proposal Promises Enhanced TRX Blockchain

BitcoinWorld TRON Upgrade: Exciting v4.8.0 Proposal Promises Enhanced TRX Blockchain Hey there, crypto enthusiasts! Big news is brewing in the TRON ecosystem. A significant TRON upgrade proposal for the mainnet, version 4.8.0, is currently under active discussion. This isn’t just a routine update; it aims to bring substantial enhancements and align TRON with key developments in the broader blockchain technology landscape. What Does the TRON Upgrade Proposal Entail? The proposal, openly available on GitHub for community review and developer input, outlines the core features of the potential v4.8.0 release. At its heart, the upgrade focuses on two major areas: Support for the Ethereum Cancun Upgrade: This is a crucial point. By incorporating elements or compatibility related to Ethereum’s recent major upgrade, TRON signals a move towards greater interoperability or the adoption of successful scaling/efficiency features proven on Ethereum. Enhanced Consensus Layer Verification: Strengthening the consensus mechanism is vital for network security, stability, and efficiency. This enhancement aims to make the validation process more robust and reliable for the TRX blockchain . These proposed changes suggest TRON is looking to improve its technical foundation while potentially opening doors for better interaction with other major chains, particularly Ethereum. Why Support the Ethereum Cancun Upgrade on TRON? You might be wondering, why would TRON, a competing blockchain, integrate aspects related to the Ethereum Cancun upgrade ? It’s a smart move in the interconnected world of blockchain. The Cancun upgrade brought significant improvements to Ethereum, primarily focusing on scaling solutions like EIP-4844 (Proto-Danksharding) which reduces transaction costs for Layer 2 rollups. By understanding and potentially adapting some of the underlying principles or facilitating compatibility, TRON could: Learn from proven scaling techniques. Improve cross-chain communication or bridging capabilities. Position itself within a multi-chain future where different networks need to interact seamlessly. This move highlights the evolving nature of blockchain technology , where collaboration and learning across ecosystems can drive overall progress. Enhancing TRX Blockchain Verification: Boosting Security and Reliability The second key aspect of the v4.8.0 proposal is the focus on enhancing consensus layer verification. The consensus layer is the backbone of any blockchain; it’s where transactions are validated and blocks are agreed upon by network participants. Improving this layer on the TRX blockchain can lead to several benefits: Increased Security: Stronger verification processes make the network more resistant to attacks, such as double-spending or malicious block proposals. Improved Efficiency: Optimizing verification can potentially speed up block finality and overall network throughput. Enhanced Reliability: A more robust consensus ensures the network operates smoothly and predictably, which is crucial for users and developers building on TRON. This enhancement demonstrates a commitment to the long-term health and integrity of the TRON mainnet . The TRON Mainnet Upgrade Process and Timeline So, what’s the path forward for this proposed TRON upgrade ? Blockchain upgrades typically follow a structured governance process to ensure community consensus and technical readiness. For the TRON v4.8.0 proposal: Proposal Submission & Discussion: The proposal is initially submitted (in this case, on GitHub) for technical review and community feedback. Core developers analyze the code and implications. Core Developer Decision: Based on technical feasibility and community sentiment, the core development team makes a decision on whether to move the proposal forward. Voting Phase: If approved by core developers, the proposal moves to a network-wide voting phase. On TRON, this typically involves Super Representatives (SRs) who vote on behalf of their constituents. The proposal states the voting phase is expected to begin on June 23, 2025 . Implementation: If the proposal receives sufficient votes, the upgrade is scheduled for implementation across the TRON mainnet . This involves coordinating node operators to update their software. The date of June 23, 2025, marks the potential start of the formal governance vote, indicating the proposal is in the detailed review stage currently. Potential Impact on the TRX Ecosystem What could this TRON upgrade mean for those involved with the network or holding TRX? While specific impacts depend on the final details of the implemented features, potential outcomes include: Potential Benefits: Area Potential Impact Interoperability Easier interaction or bridging with Ethereum and potentially other chains. Security A more secure and attack-resistant network. Performance Possible improvements in transaction speed or finality due to enhanced verification. Developer Activity New features might attract developers interested in cross-chain applications or leveraging enhanced security. Potential Considerations: Implementation Complexity: Major upgrades always carry some technical risk during deployment. Compatibility: DApps or tools built on older versions might need updates to ensure full compatibility. Community Alignment: The success of the upgrade depends on broad support from SRs and the community during the voting phase. Overall, the proposed v4.8.0 upgrade appears to be a forward-looking step aimed at strengthening the TRX blockchain ‘s core technology and improving its position within the wider blockchain technology landscape. What Should You Do? If you are a TRX holder, a developer on TRON, or simply interested in the network’s progress, here are some actionable insights: Stay Informed: Follow official TRON channels, the GitHub proposal discussion, and reputable crypto news sources for updates on the proposal’s progress. Understand the Proposal: If you have technical expertise, dive into the GitHub details to understand the changes fully. Monitor the Timeline: Keep the potential June 23, 2025, voting start date in mind. The outcome of this vote will determine if the upgrade proceeds. Prepare for Updates: If the upgrade is approved and implemented, ensure any wallets, nodes, or applications you use are compatible with the new version when it’s released. A Promising Step for TRON’s Future The proposal for the TRON mainnet v4.8.0 upgrade represents an exciting potential development for the network. By aiming to support elements related to the Ethereum Cancun upgrade and bolster consensus verification, TRON is positioning itself for enhanced interoperability, security, and performance. The coming months, leading up to the proposed voting phase, will be critical in determining the future direction and technical capabilities of the TRON mainnet and the broader TRX blockchain ecosystem. This move underscores TRON’s commitment to evolving its blockchain technology in line with industry advancements. To learn more about the latest explore our article on key developments shaping blockchain technology institutional adoption. This post TRON Upgrade: Exciting v4.8.0 Proposal Promises Enhanced TRX Blockchain first appeared on BitcoinWorld and is written by Editorial Team

20 Jun 2025, 11:25

Putin and Xi Propose New BRICS Investment Platform to Boost Global South

The post Putin and Xi Propose New BRICS Investment Platform to Boost Global South appeared first on Coinpedia Fintech News Leaders of two of the world’s largest economies, Vladimir Putin and Xi Jinping, are proposing a major new BRICS investment platform to support national economies across the Global South and East. The proposal will be a key focus at the upcoming BRICS Summit in Rio de Janeiro in early July. Putin and Xi’s Push for Economic Cooperation According to Russian presidential assistant Yuri Ushakov, the new investment platform aims to drive sustainable economic growth across BRICS nations and the broader Global South. “In anticipation of the BRICS summit in Rio de Janeiro, the leaders examined in detail the progress of the Russian initiatives from last year’s Kazan summit, including mutual settlements and industrial cooperation,” Ushakov said . Putin’s Vision for the BRICS Investment Platform The proposed BRICS platform is expected to: Support the Russian economy Provide financial backing to countries in the Global South and East Strengthen BRICS’s global position through urbanization, capital investment, and labor productivity Putin emphasized the need for greater cooperation in sectors like: Technology Education Finance and trade Resource development and logistics “Our countries need to step up cooperation in areas such as technology, education, trade, and finance,” Putin stated. “We must multiply the volume of capital investment.” .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Brazil Launches Nationwide Crypto Tracking to Fight Fraud and Money Laundering , Russia and China Strengthen Ties Beyond the BRICS initiative, Russia and China reaffirmed their strategic partnership, particularly in the Middle East. The two leaders exchanged updates via phone and are reportedly preparing for coordinated actions in global affairs. In a notable shift away from Western financial systems, Russia and China have begun settling certain energy trades using Bitcoin, reducing dependence on the U.S. dollar. Digital Currency and BRICS Future Putin is also reportedly exploring options to expand Russia’s national currency through the creation of a digital platform for cross-border settlements and investments. This aligns with BRICS’s broader goal of building financial alternatives to Western-dominated systems. With rising global tensions and shifting alliances, the BRICS-led investment initiative could reshape economic power in favor of the Global South. 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The BRICS investment platform, coupled with de-dollarization efforts, aims to challenge Western-dominated financial institutions and reduce reliance on the U.S. dollar. This could lead to a more multipolar global economic order, shifting influence towards the Global South and East. Could the de-dollarization efforts by China and Russia influence currency stability I rely on? While de-dollarization efforts are still in early stages, if they gain significant traction, they could lead to increased volatility in global exchange rates and trade patterns, potentially impacting the stability of currencies you rely on by introducing more competition and alternative payment systems. Will the new BRICS partnership lead to changes in global financial systems that impact my savings? The BRICS partnership aims to build alternative financial systems, such as a digital platform for cross-border settlements. These changes could diversify global financial options, potentially offering new investment opportunities or altering the relative strength of different currencies, which might indirectly impact your savings depending on your portfolio.

20 Jun 2025, 11:00

CZ Issues Urgent Warning After Crypto Influencer Falls Victim to Deepfake Zoom Hack

Former Binance founder Changpeng Zhao (CZ) has issued an urgent warning advising users against installing software from unofficial sources, citing the growing threat of artificial intelligence-powered deepfake Zoom attacks targeting the crypto community. The warning follows a sophisticated deepfake scam that victimized Japanese crypto influencer Mai Fujimoto, widely known as “Miss Bitcoin.” AI already used in new types deepfake hacking. Even a video call verification will soon be out of the window. Don't install software from a non-official link, especially NOT from your "friends" (they are most likely hacked). https://t.co/kfRSDPiJWb — CZ BNB (@cz_binance) June 20, 2025 Deepfake Scammers Target Crypto Elite — Here’s How They Strike According to a detailed June 19 post on X , Fujimoto revealed that the incident began after her social media account was compromised on June 14. Despite multiple reports to the platform, her account remained active, leaving her vulnerable to the subsequent attack. The scam unfolded during what appeared to be a routine video call with an acquaintance. Fujimoto unknowingly remained in a Zoom session with a deepfake impersonation after the acquaintance’s Telegram account had been compromised before the call was arranged. “ When I opened the Zoom link, her face appeared, so I didn’t suspect anything, ” Fujimoto explained. The deception continued when she encountered audio problems. For approximately 10 minutes, Fujimoto interacted with what she believed was her acquaintance, unaware she was communicating with an AI-generated impersonation. The attack ultimately compromised her MetaMask cryptocurrency wallets. Metamask accounts were also compromised. If I had known about this kind of attack, I might not have clicked the link. I want everyone to be aware of this and take caution to prevent similar incidents. — Mai Fujimoto(@missbitcoin_mai の裏アカ） (@misodanchan) June 20, 2025 “ If I had known about this type of deepfake scam, I might not have clicked the link ,” Fujimoto reflected. She now warns others: Warning: Your Next Zoom Call Could Drain Your Crypto Wallet The attack follows an established pattern, as evidenced by a similar incident involving Mehdi Farooq, former investment partner at Animoca Brands. Farooq’s ordeal began with a Telegram message from Alex Lin, someone he knew personally who expressed interest in reconnecting. こちらの方が全く私と同じ被害を受けているようです。とにかくすぐ出来る予防策としては、meetingをする際は必ず自分がリンクを作るようにする事だと思いました。私がmeetingしたのはSF在住の知人です。日本ではまだあまりこの手の詐欺は多くないと思いますが気をつけてください。 https://t.co/8OoE3E48Wx — Mai Fujimoto(@missbitcoin_mai の裏アカ） (@misodanchan) June 19, 2025 After scheduling a meeting, Lin requested switching to Zoom Business for “compliance reasons,” claiming a mutual acquaintance would join. “ Given that we were conducting numerous treasury deals, the request didn’t seem unusual, ” Farooq explained. Like Fujimoto, Farooq encountered audio issues during the call. The apparent participants directed him to update his Zoom software to resolve the problem. The result was devastating as six crypto wallets were drained, and his laptop was compromised entirely. “ Years of savings disappeared in minutes ,” Farooq stated, later discovering that Lin’s account had been hacked. White-hat hackers identified the underlying threat as “dangerouspassword,” reportedly affiliated with North Korean cybercriminal groups. $140K Lost in Minutes: How AI Deepfakes Are Draining Crypto Wallets The deepfake threat extends beyond individual victims. Steven Bartlett, co-founder of Third Web and SpaceX investor, highlighted the broader implications by referencing an incident involving Martin Lewis, founder of Money Saving Expert, whose likeness was used in deepfake advertisements that defrauded a viewer of £140,000. Martin Lewis was told that a viewer was conned out of £140,000 after a deep‑fake advert cloned his face and voice to push a crypto get-rich-quick scam. We are only at the foothills of the deep‑fake era and it is going to get a lot worse. Over recent months I’ve had thousands of… https://t.co/hXwgcD7F8a — Steven Bartlett (@StevenBartlett) May 7, 2025 “ The crypto industry and digital space are only at the beginning of the deepfake era ,” Bartlett warned. He reported receiving thousands of messages flagging AI-generated videos and paid advertisements using his image across social platforms. “ These aren’t ordinary posts—they’re promoted advertisements boosted through Facebook, X, and YouTube’s advertising systems ,” Bartlett observed, criticizing platforms for accepting payment from scammers targeting vulnerable users . The Escalating Threat of Crypto Hacks Recent industry research from Bitget revealed that during the first quarter of 2025 alone, authorities dismantled at least 87 AI-driven scam operations. Source: Chainalysis Countries including China, Germany, Ukraine, the United States, Vietnam, and the United Kingdom experienced the highest concentration of deepfake-related attacks . Bitget CEO Gracy Chen characterized the threat’s severity: Anti-fraud agencies worldwide are mobilizing responses. On June 17, the Canadian Anti-Fraud Centre issued an alert about rising deepfake prevalence , specifically noting fraudulent videos featuring public figures promoting cryptocurrency investment fraud. Deepfakes are on the rise, with fake videos of public figures like Prime Minister Carney being used to promote crypto investment fraud and subscription traps. Stay vigilant and do your research! For more on deepfakes: https://t.co/wwpAe7HMSE pic.twitter.com/kWpJWjALIB — Canadian Anti-Fraud Centre (@canantifraud) June 17, 2025 Security experts recommend a multi-layered approach by verifying all links before clicking, avoiding suspicious downloads, and maintaining awareness of current scam techniques. Organizations should implement stronger security defenses and cultivate a “ verify before trust ” culture. The post CZ Issues Urgent Warning After Crypto Influencer Falls Victim to Deepfake Zoom Hack appeared first on Cryptonews .

20 Jun 2025, 10:51

Brazil Launches Nationwide Crypto Tracking to Fight Fraud and Money Laundering

The post Brazil Launches Nationwide Crypto Tracking to Fight Fraud and Money Laundering appeared first on Coinpedia Fintech News On June 17, 2025, the National Secretariat of Public Security (SENASP) under Brazil’s Lula Government announced a major initiative to track and monitor cryptocurrency transactions across the country. This move is aimed at boosting financial transparency and cracking down on crypto-related crimes such as money laundering, drug trafficking, and financial fraud. The initiative will run for 36 months and opens for proposals starting July 4, 2025. Brazil’s New Crypto Surveillance Tool The government is seeking advanced crypto tracking software capable of identifying suspicious transactions across major blockchain networks , including: Bitcoin Ethereum Ethereum Classic Tron Binance Coin Dash Dogecoin XRP Polygon Avalanche This tool will monitor blockchain activity to identify wallet addresses, IPs, and geographic locations involved in questionable transactions. Key Features of the Crypto Tracking Initiative Detects and responds to suspicious wallet activity Enhances crypto security and blockchain transparency Supports criminal investigations in 15 major Brazilian capitals Promotes crypto adoption through a secure environment Boosts the country’s fintech innovation sandbox Installation Locations The crypto surveillance software will be rolled out in 15 of Brazil’s 27 capitals. Some key installations include: Brazilia (DF) – 9 units Curitiba (PR) – 9 units Aracaju (SE) – 4 units Manaus (AM) – 2 units Natal (RN) – 2 units Boa Vista (RR) – 2 units Others include Florianopolis , Cuiaba , Palmas , Porto Alegre , and more. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Crypto Tax in Australia May End : Here’s Why , Impact on Brazilian Crypto Companies All Brazilian crypto platforms must stay compliant with the new law. They are required to register with regulatory authorities and continuously update their software over the next three years. The objective is to foster innovation while ensuring a secure crypto ecosystem. Brazil’s Upcoming Crypto Tax Reform? As Brazil tightens its grip on crypto security, the government is also considering a new crypto tax model . Under the proposed policy, all crypto trades may be taxed at 17.5%, though this regulation is still under discussion. The urgency follows a reported 30% drop in Bitcoin interest earlier this year due to regulatory uncertainty. Lula’s administration aims to restore investor confidence by reinforcing crypto protection measures before finalizing tax laws. Conclusion Brazil’s bold step toward implementing real-time crypto tracking and tax reform reflects the government’s commitment to making the country a safer place for digital finance. 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Brazil’s new crypto monitoring aims to enhance safety by cracking down on illicit activities like fraud and money laundering. While increasing transparency, it primarily targets suspicious transactions, potentially making the environment more secure for legitimate users. Will Brazilian crypto companies face stricter compliance or operational challenges? Yes, Brazilian crypto companies will face stricter compliance requirements, including mandatory registration with regulatory authorities and continuous software updates. They’ll also need to meet minimum capital requirements, which could pose challenges for smaller firms. Is Brazil a crypto-friendly country? Despite the new monitoring and tax discussions, Brazil is generally considered crypto-friendly. It has legalized cryptocurrencies as payment methods, and the government aims to foster innovation while ensuring a secure and regulated digital asset ecosystem. How much is crypto tax in Brazil? Brazil has recently imposed a flat 17.5% tax on all digital asset profits for individuals, regardless of transaction size or where the assets are held (including self-custody and foreign exchanges). This replaces a previous exemption for smaller monthly sales.

20 Jun 2025, 10:35

16B Password Leak Triggers Crypto Wallet Security Panic

A 16 billion password record-breaking leak, fresh ones from Apple, Google, Facebook, and other technology giants, has triggered a global crypto security alert. “MFA is no longer optional. This breach is a blueprint for mass wallet theft.” — @CryptoSecurityHQ Experts assure that this is not some recycled breach—these are newly-scooped logins, many previously unobserved, and already fueling a wave of wallet-draining attacks and phishing campaigns against centralized exchanges and DeFi users alike. Why This Breach Is Different—and So Dangerous This is the largest historic data dump of its kind ever. The incident compromises 30 supermassive databases, with the data collected by modern infostealer malware and dumped online using insecure cloud servers. Unlike in previous leaks, these credentials are fresh, usable, and organized by service—logins, session cookies, and even two-factor bypass tokens for platforms including MetaMask, Coinbase, Binance, and Phantom. Security analysts are already seeing signs of coordinated credential stuffing and phishing attacks. Hackers can use these stolen logins to access not just your email or social accounts, but also your crypto wallets—especially if you’ve reused passwords or linked your wallet to a compromised email address. The risk is especially high for users who rely on single-factor authentication. How to Check If Your Wallet or Seed Phrase Is Compromised If you notice out-of-pattern transactions, wallet reset notifications, or logins from unknown places, your wallet is already compromised. Most wallet apps currently give you warnings on suspicious activity—do not ignore them. If you ever suspect compromise: Send your money directly to a new, secure wallet with a new seed phrase. Make a new wallet and double-check that your assets have been moved securely. Notify your exchange or wallet provider — then they may offer additional guidance or security updates. “16 billion fresh logins leaked. If you use the same password for your wallet and email, change it NOW.” — @cybersecnews Your seed phrase is your crypto lifeblood. If it is stolen, treat it as if your front-door key has been stolen—move fast and lock up your assets . How Exchanges Are Responding As a result of the incident, trades are putting new multi-factor authentication (MFA) standards on the fast track. While simple two-factor authentication is inadequate, MFA may need a password, a hardware token, and even biometric confirmation, making it ten times more difficult for hackers to drain your account—despite knowing your password. Microsoft says that MFA blocks 99.9% of bot-driven attacks, and most exchanges are now requiring MFA for withdrawals, account changes, and even logins. Some are rolling out advanced features like phishing-resistant hardware keys and recovery backup capabilities to add additional security for users. The Bottom Line With 16 billion credentials in the wild, the danger of wallet-draining attacks has never been higher. Change your passwords, enable MFA, and check if your seed phrase or email is compromised. In this era of mega-breaches, your crypto security is a question of staying vigilant—and reacting fast. Bold Takeaway The 16B password leak is a wake-up call: check your exposure, upgrade your security, and treat your seed phrase like gold — because hackers are already hunting.

20 Jun 2025, 09:44

CZ Warns of AI Deepfake Threat After Top Crypto Influencer Hacked

The post CZ Warns of AI Deepfake Threat After Top Crypto Influencer Hacked appeared first on Coinpedia Fintech News In a warning that’s catching attention across the crypto space, former Binance CEO Changpeng Zhao (CZ) has raised the alarm about a new wave of AI-powered deepfake scams. Posting on X , CZ cautioned that even video call verifications may soon be unreliable. He urged the community to avoid installing any software from unofficial links, especially when prompted during suspicious interactions. Reason to panic? Here’s everything we know. Crypto Influencer Hacked After Deepfake Zoom Call CZ’s warning came after Japanese crypto influencer Mai Fujimoto revealed that her main X account was hacked. The breach happened after she joined a Zoom call, believing she was speaking with a trusted friend. What she didn’t know was that her contact’s Telegram account had already been compromised. During the call, a deepfaked version of the acquaintance told her to click a link to fix an audio issue. That’s when the attack happened. ‘She shared a link for audio settings adjustment, and that’s when the attack occurred,’ Fujimoto wrote. Soon after, her Telegram and Metamask accounts were also accessed, putting her crypto assets at risk. A Growing Trend of AI-Powered Scams Fujimoto’s trial is part of a disturbing pattern. On Thursday, reports surfaced of BlueNoroff , a North Korean-linked cybercrime group, targeting a cryptocurrency foundation employee with the same tactic. Over weeks of Zoom calls, the victim saw AI-generated deepfakes of company executives. A prompted download for a “microphone fix” installed a malicious extension, unleashing a keylogger, screen recorder, and crypto-stealing malware. These attacks show how AI can assist hackers in making scams, especially against crypto workers and remote employees. Zhao Urges the Community to Stay Alert CZ’s message is simple but serious: don’t trust software links from unofficial sources, and question the authenticity of video calls. As deepfake technology improves, online scams are becoming harder to detect. AI already used in new types deepfake hacking. Even a video call verification will soon be out of the window. Don't install software from a non-official link, especially NOT from your "friends" (they are most likely hacked). https://t.co/kfRSDPiJWb — CZ BNB (@cz_binance) June 20, 2025 For anyone in the crypto space, staying cautious is no longer optional. With AI making it easier for hackers to impersonate trusted contacts, protecting your assets now starts with verifying every link, call, and conversation.